3 ms·
Yes, you know how it is when you start knowing something you start realizing journalist reporting of it, while not entirely false, is quite imprecise and simpli
by xwolfi 5y ago
Yes, you know how it is when you start knowing something you start realizing journalist reporting of it, while not entirely false, is quite imprecise and simplifying ?
I work in an investment bank, on the trading floor, and when I hear reports on how we're supposed to be and act, I feel it is so different from how people actually are and think. For instance, they ignore incompetence and always assign to malice, they think being legit is less important to us than robbing money, they always describe us as amoral, parasitic, conspiratorial. It's an enticing narrative each time, but except when they have actual email exchanges (like the Millenium emails during the Maddoff SEC investigation - that painted the right picture, professional, missing information, imperfect but not anti-blue collar conspiracy lol), I can't really trust it anymore.
The FinCEN files by BuzzFeed were so trash, it was surreal to hear... We gave regulatory reports they leaked irresponsibly about suspicious activity by our fee-paying clients we are forbidden to tip off by refusing to talk to them, and we're now "hiding crime", maybe even "facilitating" it, tsk. They warned a lot of people that day, good job.
- pyuser583 5y agoI strongly recommend reading the book. Kleptopeia. It’s focused on the UK, but portrays the US legal and regulatory as system pretty positive compared the UK/EU (early 2010s). When justice happens, it tends to happen in America. Organizations like the FBI, FDIC, and US Attorneys are very powerful compared to their European counterparts. Courts are much less corrupt as well.
- xwolfi 5y agoThe EU is vast, it's hard to say "EU justice is more corrupt". Maybe Italy is more than NL for instance ? As for the U.S. they operate on principles I disagree with: very heavy prison sentences, focus on lies rather than criminal facts sometimes (like lying to the FBI is more dramatically bad than missing a tax payment), elected AGs if I understood, something we can't do in Europe (it'll turn into plebiscits and push towards political law enforcement brrrr). I'd correct you buy saying: "when justice happens in the US, it tends to be very punitive and detailed", maybe ? I really don't think the U.S. provides fairer reparation than Germany or Sweden, it's just difference legal ideologies.